The jump in food and energy prices is weakening this country, which is very vulnerable to climate risk.
To prevent economic instability from degenerating into a crisis, the International Monetary Fund (IMF) has decided to grant aid to Bangladesh. This contribution of 4.5 billion dollars (as many euros) aims to “restore macroeconomic stability to protect the vulnerable and foster inclusive growth“. These funds must also allowfund climate priorities“, specified the IMF.
The aid provided represents 1% of the GDP of one of the most dynamic economies in the world. Dhaka, which has multiplied its GDP by six in fifteen years, benefits from significant remittances from Bangladeshi emigrant workers, international aid provided and a very young population (a third is under 15). And public debt is low.
But, like many poor countries, Bangladesh was hit hard by soaring food and energy prices after Russia invaded Ukraine in February. “The robust economic recovery in…
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